K Satyanarayana Raju named as new MD and CEO of Canara Bank

K Satyanarayana Raju has been appointed as the new Managing Director and CEO of Canara Bank, succeeding L V Prabhakar, by the Union Government. Raju, originally joined the banking sector in 1988 with Vijaya Bank and climbed up the ranks to become the chief general manager at Bank of Baroda. He has previously served Canara Bank as the Executive Director from March 2021. Raju holds a degree in Physics, a post-graduate degree in Business Administration (Banking and Finance), and CAIIB certification. His career is marked by extensive experience in various banking sectors and has contributed to the digital transformation of banking services. Canara Bank is a public sector institution founded in Mangalore in 1906 by Ammembal Subba Rao Pai.

Important points to remember:

  1. K Satyanarayana Raju is the newly appointed MD and CEO of Canara Bank.
  2. Raju has held previous positions at Vijaya Bank and Bank of Baroda.
  3. His experience spans multiple banking segments, including digital transformation.
  4. Canara Bank, headquartered in Bengaluru, was founded by Ammembal Subba Rao Pai in 1906.
  5. The bank is under the control and ownership of the Ministry of Finance, Government of India.